Benefits Financial Analyst - NYU Langone

NYU Langone Health is a world-class, patient-centered, integrated academic medical center, known for its excellence in clinical care, research, and education. It comprises more than 200 locations throughout the New York area, including five inpatient locations, a children's hospital, three emergency rooms and a level 1 trauma center. Also part of NYU Langone Health is the Laura and Isaac Perlmutter Cancer Center, a National Cancer Institute designated comprehensive cancer center, and NYU Grossman School of Medicine, which since 1841 has trained thousands of physicians and scientists who have helped to shape the course of medical history. At NYU Langone Health, equity, diversity, and inclusion are fundamental values. We strive to be a place where our exceptionally talented faculty, staff, and students of all identities can thrive. We embrace diversity, inclusion, and individual skills, ideas, and knowledge. For more information, go tonyulangone.org, and interact with us onLinkedIn,Glassdoor,Indeed,Facebook,Twitter,YouTubeandInstagram.

Position Summary:
We have an exciting opportunity to join our team as a Benefits Financial Analyst.

As part of the HR Benefits Strategy Team and reporting to the Manager of Benefit Planning and Resources, this role is responsible for financial management of expenses related to comprehensive benefit programs that enhance the employee experience and drive cost savings. Understands and is proficient in analyzing benefit programs to identify areas for improvement and make data-driven recommendations resulting in enhanced benefits offerings and cost savings.

Job Responsibilities:

• Responsible for the day-to-day management of payment for all health and welfare and retirement plans, fringe benefits, life & disability insurance, and ancillary benefits.
• Ensures timely and meticulous review of reports generated based on electronic transmission of eligibility and election data to vendor partners (including management of error reporting and troubleshooting any system or integration issues).
• Administers reconciliation of all benefit expenses and accounts and participates in annual and on demand audits.
• Analyzes past and present financial data related to NYU Langone Health’s fringe benefit expenses and projects estimate of future expenditures. Based on trends in the market and data from vendors, is able to prepare parts of the fringe budget for the upcoming fiscal year.
• Prepares additional financial reports and collects industry research to inform decision making.
• Is able to demonstrate strong learning agility in assuming various projects across benefits administration to improve operations and find innovative solutions to existing or new problems and processes. Is able to communicate and explain complex ideas in straightforward language.
• Is able to understand of key business drivers related to workforce staffing, issues and risks to be able to forecast impact on fringe expenses.
• Prepares reporting packages and financial templates with detailed analysis.
• Is able to prepare leadership presentations related to complex benefit data.
• Effectively interacts with vendor actuaries and leaders on long-term and short-term projects that may include a multitude of data formats and sources, cooperation with various stakeholders, and problem solving with the available data.
• Translates financial information in meaningful and transformative ways for training and decision-making purposes.
• Is able to effectively use large scale Excel data analysis and use of advanced formulas; runs and manages queries in PeopleSoft Financials.
• Contributes energetically to an environment of effective financial reporting and analysis, time utilization and prioritization, compliance with regulations, and practices.
• Other duties as assigned.

Minimum Qualifications:
To qualify you must have a Education: Bachelor's degree.
Experience: One to three years related work experience; actuarial experience is preferred.
Specific Knowledge, Skills, and Abilities: Strong analytical and critical thinking skills are essential. Superior communication, Excel, PowerPoint and overall computer skills are required. Possesses strong customer service and problem-solving skill sets.

Qualified candidates must be able to effectively communicate with all levels of the organization.

NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.

NYU Langone Health is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sex, sexual orientation, transgender status, gender dysphoria, national origin, age, religion, disability, military and veteran status, marital or parental status, citizenship status, genetic information or any other factor which cannot lawfully be used as a basis for an employment decision. We require applications to be completed online.

NYU Langone Health provides a salary range to comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $76,721.84 - $100,000.00 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

If you wish to view NYU Langone Health's EEO policies, please click here. Please click here to view the Federal "EEO is the law" poster or visit https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm for more information.